Mortgage Underwriter III

First Interstate BancSystem, Inc.•Billings, MT

84d

About The Position

The Mortgage Underwriter III underwrites and evaluates Conventional, FHA, VA and RD residential mortgage loan applications to provide quality loans for First Interstate Bank, secondary market investors, and credit risk. This position will review and evaluate loan files and makes decisions on the files consistent to First Interstate Bank's lending policies and all appropriate program guidelines.

Requirements

Accurate keyboarding and 10-key skills.
Computer experience with Windows software.
Ability to set priorities and work in an organized manner.
Ability to perform multiple tasks with great attention to detail.
Ability to work with the public on a daily basis.
Ability to work under pressure with limited supervision.
Ability to meet and deal with the public and co-workers in a friendly, professional manner.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts of basic algebra and geometry.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
As a condition of employment, any successful job applicant will be required to pass a pre-employment screening against the Limited Denial of Participation (LDP), GSA Excluded Party List System (EPLS), and Freddie Mac Exclusionary List.
High School Diploma or General Education Degree (GED) required
4-6 years real estate underwriting experience required
Valid Driver's License required

Responsibilities

Examines residential mortgage loan applications for accuracy and completeness.
Ensures that all agency, investor, and or private insurer's guidelines and overlays are strictly enforced.
Reviews automated underwriting findings and loan files for adherence to requirements.
Determines whether credit, income and source of funds are stable and adequate for repayment and meet all applicable guidelines.
Evaluates property to determine adequacy of collateral and adherence to all agency and/or investor requirements.
Reviews title information for accuracy and adherence with all agency and/or investor requirements.
Approves or rejects loans based on findings and file documentation.
Ensures compliance with government regulations and bank policies.
Maintains current underwriting knowledge for all agency, investor and private insurers.
Supports the goals of the Community Reinvestment Act (CRA) in the development and implementation of new lending programs.
Assists in development of consistent underwriting, quality control, and compliance testing procedures throughout the banks' mortgage lending operations.
Participates in community involvement activities.
Trains Real Estate staff.